The world of decentralized data just got a major boost. Pyth Network has officially teamed up with Kalshi, the only federally regulated event-exchange in the United States, to bring real-time prediction market data onchain.
The collaboration, announced in a blog post on October 13, marks the first time that regulated event data will be broadcast across more than 100 blockchains, creating a new class of onchain information that goes beyond traditional asset prices.
Bringing regulated event data to DeFi
Through this integration, Kalshi’s prediction market feeds, covering topics from politics and macroeconomics to sports and culture, will now be distributed through Pyth’s oracle infrastructure.
This means developers, DeFi protocols, and institutions can access probability-based data directly onchain, enabling new types of applications built around real-world outcomes.
Kalshi, registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM), operates as the first regulated exchange dedicated entirely to event contracts.
The company allows users to trade on the outcome of events such as the New York City mayoral election, the F1 Drivers Championship, the MLB Champion race, and the number of Federal Reserve rate cuts in 2025.
By integrating this data into the Pyth Network, developers can now treat event probabilities as programmable inputs, powering applications that react to global events in real time.
From DeFi risk models and automated strategies to onchain governance and gaming, the potential use cases stretch across both TradFi and DeFi ecosystems.
A new era for onchain market intelligence
According to Pyth, this partnership extends the network’s mission to serve as a universal source of market intelligence. Kalshi’s data, grounded in regulated trading activity rather than surveys or sentiment, adds a new layer of reliability and transparency to decentralized markets.
“Oracles represent the first step in taking Kalshi onchain,” the announcement said. “Now builders can finally bring their Kalshi ideas to life on the world computer.”
The collaboration effectively redefines what “market data” means for blockchain applications, expanding it from asset prices to the probabilities of future events.